This is comprised of mineral resources for the Tankoro Deposit of 9.4Mt 1.9g/t Au for 0.6Moz Au (Indicated) and 43.6Mt 1.4g/t Au for 1.9Moz (Inferred) and the Bondi Deposit of 9.2Mt 1.5g/t Au for 0.5Moz (Inferred) (refer Appendix A, Table A1). The updated mineral resource for the Sanutura Project is:
The update incorporates data from all exploration activities at the deposit, which have occurred over the period 2003 - 2018. The independent mineral resource estimate for Sarama’s 100%-owned Sanutura Project was undertaken by Cube Consulting Pty Ltd (Perth, Western Australia) and features an extensive update to the interpretation and estimation of mineral resources at the Bondi Deposit, a key component of the Project. The Project is being positioned as a long-life, multi-stage asset that can be built and paid for well before we have exploited the oxide resource and one which provides significant optionality and leverage to the gold price and remains key to the development of the southern Houndé Belt.” These targets (8,9,10), when combined with the current mineral resources, give us an exploration target in excess of 3-3.5 million ounces of gold.
In addition, the overall increase in the oxide and free-milling component to 0.2Moz Au (Indicated) plus 1.1Moz Au (Inferred) (6) has a material impact on the project development picture and our next key step will be to pursue the compelling exploration targets we have identified across the Project. The inclusion of the Bondi Deposit to the Project’s mineral resource base provides a significant increase in high-grade, free-milling material and has the potential to materially improve start-up economics for the Project. This resource update marks the completion of a significant amount of technical work on historical exploration data and gives clear direction for future exploration where the Company is seeking to materially increase the Project’s mineral resource. “We are very pleased with the significant increase to the mineral resource estimate for Sarama’s 100%-owned Sanutura Project. Sarama’s President and CEO, Andrew Dinning commented: Metallurgical testwork demonstrates gold recoveries of +90% for all material types across the Sanutura Project.Project mineral resources now include the Bondi Deposit - 9.2Mt 1.5g/t Au for 0.5Moz Au (Inferred)(7) following an extensive re-interpretation and updated estimate.Approximately 70% of the defined mineral resource for the Bondi Deposit is situated within 80m from surface.Approximately 20% of the mineral resource is ‘indicated’ classification at an elevated grade of 1.9g/t Au, reflecting higher geological confidence in higher-grade zones.Free-milling component of mineral resource increased to 0.2Moz (indicated) plus 1.1Moz Au (Inferred)(6) (~44% of the total mineral resource) which has the potential to provide early feed for a multi-stage mine development.Oxide and transition material increased to 0.2Moz Au (Indicated) and 0.8Moz Au (Inferred)(4,5) (~33% of the total mineral resource).Significant amount of higher-grade material of 6.3Mt 2.5g/t Au for 0.5Moz Au (Indicated) plus 29.8Mt 1.9g/t Au for 1.8Moz Au (Inferred)(3) contained within the mineral resource.Project mineral resources of 0.6Moz gold (indicated) plus 2.3Moz gold (inferred)(1) (pit shell and underground blockout constrained).This represents a significant increase over the 2020 mineral resource estimate of 0.6Moz Au (Indicated) and 1.9Moz Au (Inferred) (2) (refer Appendix B) and highlights the scale of the Project and the valuable contribution of the Bondi Deposit. 9.4Mt 1.9g/t Au for 0.6Moz gold (Indicated) plus.The updated mineral resource estimate at the Project (refer Table 1) now stands at: The Sanutura Project is an advanced-stage exploration project covering approximately 1,500km² (refer Figure 1) that hosts a significant, well-defined mineral resource base and a suite of exploration targets. This follows an updated interpretation and re-estimation of mineral resources at the Bondi Deposit, located to the north of the Project’s main Tankoro Deposit. (” Sarama ” or the ” Company ”) is pleased to announce a significant increase in mineral resources for its 100%-owned (12) Sanutura Project (the ” Project ”) in south-west Burkina Faso. VANCOUVER, BC / ACCESSWIRE / Novem/ Sarama Resources Ltd.
(" Sarama " or the " Company ") is pleased to announce a significant increase in mineral resources for its 100%-owned (12) Sanutura Project (the " Project ") in south-west.